Butane Market 2018 | Growth – Key Futuristic Trends And Competitive Landscape 2025

Competitive Insights:
A new market player has to bring any innovation in terms of product improvement or alternate products with extra applications to enroll into this market and carry on the existing competition. Major players operating in this market industry involves ConocoPhillips Inc., British Petroleum (BP), Exxon Mobil Corporation and Chevron Corporation. Few other companies that are having major operations in butane market are; China Petroleum and Chemical Corporation (SINOPEC), Royal Dutch Shell PLC., China National Petroleum Corporation (CNPC), Total S.A., Linde, Air Liquide and Praxair.

Butane Market – Industry Highlights:
The Global Butane Market was worth USD 60.04 billion in the year of 2016 and is projected to touch nearlyUSD 93.30 billion by 2025, while registering itself at a compound annual growth rate (CAGR) of 5.02% during the forecast period. The market industry is anticipated to witness substantial growth with decent compound annual growth rate during the forecast period due to increasing use of liquid petroleum gas (LPG) for a variety of applications. It is likely to have a positive prospect over the approaching years. Butane is employed in fuel manufacturing procedures, owing to its characteristics like easily liquefiable and high flammability. The market demand of LPG is growing, as its adoption as household fuel, chiefly in Asia Pacific and Africa, is expected to fuel butane market. In many countries, the government is offering subsidy on LPG rates to encourage its use as domestic fuel. The government is encouraging its utilization in order to trim down coal need and limit carbon footprints.

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Application Outlook and Trend Analysis:
The LPG section has major share in 2015 and its requirement was 92.12 million tons. Growing applications for LPG in commercial and residential sectors for heating and cooking purposes is anticipated to promote the market growth during the forecast period. Butane as well as its isomers is employed for gasoline mixing in plants to oxygenate and to amend its octane rating. Iso-butane is likely to substitute the conventional hazardous chlorofluorocarbons (CFC) which were earlier used as deodorants, propellants, and refrigerants. The fuel gas use in fuel refineries amends the combustible characteristics of the fuel and is hence projected to drive the development from 2016 to 2025. Petrochemical sector is projected to be the quickest growing market during the forecast period. Rising disposable earnings and increasing standard of living is projected to boost the growth during the forecast period. Increasing incidences of human health risks due to breathing-in butane gas has positioned the market under numerous regulations and supply norms. These standard and regulation acts are likely to regulate negatively during the upcoming years.

Regional Outlook and Trend Analysis:

Asia Pacific conquered the regional sector due to the rise in the gas requirement in chemical processing units and refineries in China. Asia Pacific region was estimated around USD 22.17 billion in 2015. Growth of numerous end-use industries like infrastructure and automotive in Asia Pacific and Latin America is predicted to drive the market. Encouraging government regulations like subsidies and several connections for LPG are the key factors which led to the rise in LPG demand and subsequently butane demand in these regions. Middle East is the key regional manufacturer of butane, as the natural resources of petroleum and oil are present there. North America is also likely to have an optimistic outlook for growth via its petrochemicals and auto fuel industry. Speedy development of sedimentary rock gas in the United States is anticipated to preserve the sustainable supply of natural gas liquids and will ultimately promote the market growth over the coming years.

Butane Market - By Region:
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)

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Butane Market - List of Tables

Table 1.Butane Market, By Application ($Million), 2016-2025
Table 2.Petrochemicals Market, By Region ($Million), 2016-2025
Table 3.Liquefied Petroleum Gas (LPG) Market, By Region ($Million), 2016-2025
Table 4.Chemical/ Petrochemical Market, By Region ($Million), 2016-2025
Table 5.Residential/ Commercial Market, By Region ($Million), 2016-2025
Table 6.Auto fuel Market, By Region ($Million), 2016-2025
Table 7.Industrial Market, By Region ($Million), 2016-2025
Table 8.Refinery Market, By Region ($Million), 2016-2025
Table 9.Other Liquefied Petroleum Gas (LPG) Market, By Region ($Million), 2016-2025
Table 10.Refinery Market, By Region ($Million), 2016-2025
Table 11.Other Application Market, By Region ($Million), 2016-2025
Table 12.North America Butane Market, By Application, 2016-2025 ($Million)
Table 13.U.S. Butane Market, By Application, 2016-2025 ($Million)

Reason to Buy:
1) An extensive research study on the Global Butane Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Butane Market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
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